Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to people with knowledge of the matter.
American Dream, a $5 billion super mall in New Jersey’s Meadowlands, had to tap into a reserve fund to make a bond payment as it copes with a cash flow crisis exacerbated by the coronavirus.
Asian stocks are set for a muted start Thursday after U.S. stocks dipped amid mixed economic data and comments from a Federal Reserve official that the central bank is on course to taper stimulus support.
European Wax Center Inc., presenting itself as a summer must-have as investors slip into the August holiday slowdown, raised $180 million in a U.S. initial public offering, according to a person familiar with the matter.
Brazil’s state-controlled oil company saw its earnings surge in the second quarter, thanks to a rally in crude prices and a hydropower crunch in Brazil that boosted electricity demand.
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